Arsenal captain Mikel Arteta has signed a new one-year contract to remain with the Gunners until the summer of 2016.Getty

Arsenal midfielder Mikel Arteta has reportedly signed a new one-year contract to remain with the Gunners at least until the summer of 2016.

According to the Mirror, the Spanish midfielder, who was out of contract at the end of last month had agreed a new deal months ago, but was yet to put pen to paper. He has now returned to training and signed the deal putting an end to speculation over his future.

The report claims that the former Everton star had lucrative offers from clubs in Spain, but has chosen to remain at the Emirates Stadium for one more season and is currently preparing for the north London club's pre-season tour of Singapore.

Arsenal have long been linked with a move for a defensive midfielder this summer, and Southampton's Morgan Schneiderlin has been touted to be one of Arsene Wenger's targets, but the French midfielder is now on the verge of sealing a move to Manchester United, the Guardian reports, but only when the Red Devils match the Saints' valuation of the player.

But with Arteta confirmed, the Frenchman is unlikely to chase another signing due to the wealth of experience at their disposal. The 12-time FA Cup champions have Aaron Ramsey, Tomas Rosicky, Jack Wilshere, Francis Coquelin, Santi Cazorla and Mathieu Flamini vying for a role in the deep midfielder position, and this could end the French manager's pursuit of yet another player in that position.

Meanwhile, Arsenal have confirmed the signing of three youngsters to strengthen their youth setup with two players arriving from French club Lens, and one defender from Championship side Reading.

Jeff Reine-Adelaide and Yassin Fortune have been signed from the French club, with the former signing a professional contract, while the latter was given a scholarship.

Jordi Osei-Tutu comes from the Championship outfit, and is a highly-rated fullback, who can also operate on the wings.